Banking and PSU Debt · Debt

LIC MF Banking & PSU Debt Fund

LIC Mutual Fund Asset Management Limited

Benchmark

NIFTY Banking & PSU Debt Index A-II

Riskometer

Low to Moderate

Size

₹1,598 cr

Allotted

31 May 2007

Holdings as of

30 Sep 2026

LIC MF Banking & PSU Debt Fund is a banking and psu debt fund of LIC Mutual Fund Asset Management Limited with ₹1,598 cr under management. It is ahead of its benchmark (NIFTY Banking & PSU Debt Index A-II) in 4 of 4 periods. Its direct plan charges 0.28% a year.

Has LIC MF Banking & PSU Debt Fund beaten its benchmark?

Ahead of its benchmark, NIFTY Banking & PSU Debt Index A-II, in 4 of 4 periods in AMFI's figures; +4.66% over the last year against +4.05%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−0.03%	−3.60%	—
3 months	+0.72%	−5.03%	—
6 months	+2.49%	−1.83%	—
1 year	+4.55%	−4.06%	+8.61 pts
3 years	+7.23%	+9.27%	−2.04 pts
5 years	+6.24%	+8.00%	−1.76 pts
10 years	+6.94%	+12.69%	−5.75 pts
Since start from 3 Jan 2013	+7.30%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (NIFTY Banking & PSU Debt Index A-II) in 4 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+4.66%	+4.23%	+4.05%	+0.61	🔒
3y	+7.25%	+6.75%	+6.56%	+0.69	🔒
5y	+6.26%	+5.73%	+5.63%	+0.63	🔒
10y	+6.95%	+6.38%	+6.49%	+0.46	🔒

Ahead in points a year · its rank among Banking and PSU Debt funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 14 Oct 2026

Fund 195Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹195 on 14 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does LIC MF Banking & PSU Debt Fund cost?

0.28% a year on the direct plan, 0.65% on the regular plan; 3 of 16 funds in its category charge less.

Direct plan

0.28% a year

Category median 0.36%

Regular plan

0.65% a year

Category median 0.69%

Gap

0.37 points

for the same holdings

3 of 16 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Income/Debt Oriented Schemes - Banking and PSU Debt Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages LIC MF Banking & PSU Debt Fund?

Pratik Harish Shroff, since None.

Pratik Harish Shroff

None years

since None

Benchmark as filedNIFTY Banking & PSU Debt Index A-II

Exit load

Nil

From 2 Scheme Summary Documents filed with NSE, first on 31 Aug 2026; as on 10 Sep 2026

What does LIC MF Banking & PSU Debt Fund hold?

50 holdings as of 30 Sep 2026; the ten largest are 33.5% of the fund, the largest 8.09% NLC India Ltd. ** at 3.9%.

Mix

Holdings as of 30 Sep 2026

Equity63.3%Debt31.1%Cash5.2%Other0.3%

Holdings

33 shares

Top ten

33.5%

of the fund

Effective holdings

26.1

spread, as if equal-weighted

Matched to our table

of the equity

Five largest

% of fund

8.09% NLC India Ltd. **3.89%

8.14% Nuclear Power Corporation **3.80%

8.37% National Highways Authority of India **3.37%

7.83% Small Industries Development Bk of India **3.34%

7.75% Bharti Telecom Ltd. **3.24%

Five largest industries

% of fund

CRISIL AAA77.1%

ICRA AAA18.6%

SOVEREIGN4.30%

How does LIC MF Banking & PSU Debt Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is LIC MF Banking & PSU Debt Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 100% of it differs from the index (an active fund is usually above 60%).

Active share 100.0%60%

Funds that hold much the same

% of holdings in common

ADITYA BIRLA SUN LIFE CORPORATE BOND FUND17.5% the same

16 shared holdings

Sundaram Corporate Bond Fund17.1% the same

4 shared holdings

LIC MF MEDIUM TO LONG TERM FUND ( Erstwhile LIC MF Medium to Long Duration Fund )14.3% the same

5 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages LIC MF Banking & PSU Debt Fund?

Pratik Harish Shroff (manager) since None.

What is the expense ratio of LIC MF Banking & PSU Debt Fund?

0.28% a year on the direct plan and 0.65% on the regular plan (expense report, Oct 2026).

How has LIC MF Banking & PSU Debt Fund done?

Its direct plan returned +7.25% a year over 3 years against +6.56% for its benchmark, NIFTY Banking & PSU Debt Index A-II, as of 13 Oct 2026.